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Bulls Need Close Above Y110.25.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Close Above Y110.25
*RES 4: Y111.05 High Aug 4 
*RES 3: Y110.82 High Aug 8 
*RES 2: Y110.59 Hourly resistance Aug 8 
*RES 1: Y110.25 Low Aug 8 now resistance
*PRICE: Y109.98 @ 0430GMT
*SUP 1: Y109.58 Low Aug 9 
*SUP 2: Y109.35 Bollinger band base 
*SUP 3: Y108.81 Monthly Low June 14 
*SUP 4: Y108.10 2017 Low Apr 17
*COMMENTARY: Hesitation ahead of the Y111.05-44 region where key DMAs are
clustered resulted in breaks of support layers leaving the pair looking heavy
with bears now focused on 2017 lows. Layers of resistance have accumulated with
bulls now needing a close above Y110.25 to ease immediate bearish pressure and
shift focus back to Y111.05-111.43. The Bollinger base and O/S daily studies are
concerns for bears with potential to limit follow through.

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